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Texas oil lease

Producing

MAGELLAN 354AP

Magellan 354AP is an oil lease in Reagan County, Texas, operated by OXY USA WTP LP in the Spraberry (Trend Area) field.

1 well

6,248bbl oil, last 12 months−69% vs prior year
Operator
OXY USA WTP LP
County
Reagan County
Field
Spraberry (Trend Area)
RRC lease
7C-21513

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Where it sits

This county

Reagan CountyReaganIrionSterlingUptonMidlandGlasscockReagan County
Reagan County
Gas, last 12 months
83,673 mcf
Oil in Jul 2026
282 bbl

Production by month

Oil output fell 69% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for MAGELLAN 354AP, Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 6,248 bbl in the 12 months through Jul 2026, against 20,452 bbl in the 12 months before.Last 12 months: 6,248 bblbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 69% over the last 12 monthsMonthly oil production and gas for MAGELLAN 354AP, Aug 2023 to Jul 2026. Oil output fell 69% over the last 12 months. 6,248 bbl in the 12 months through Jul 2026, against 20,452 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month001,0002,5002,0005,0003,0007,5004,00010k5,00012.5kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant

  • Processing plant (3)
  • Transmission line (2)
  • Lease fuel (1)
  • Flared (4)
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MAGELLAN 354AP gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of the lease’s gas by disposition code, per month0%50%100%Jul 2026: plant to fuelOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plantShare of MAGELLAN 354AP gas by disposition code each month, Aug 2023 to Jul 2026. Since Jul 2026 the lease's gas goes to lease fuel instead of a processing plant.Share of gas by disposition code0%50%100%Jul 26: plant to fuelJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Processing plant (3)

    92% · 77,022 mcf

  • Transmission line (2)

    5.7% · 4,769 mcf

  • Lease fuel (1)

    2.2% · 1,882 mcf

1 well on this lease

Wells on MAGELLAN 354AP
API numberWell no.Status
42-383-409754HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Plains Pipeline L.p.OilGathers100Aug 12, 2021
Energy Transfer CompanyCasinghead gasBuys50Aug 12, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasBuys50Aug 12, 2021
Energy Transfer CompanyCasinghead gasGathers50Aug 12, 2021
Targa Pl Mid-Cont Westtex LLCCasinghead gasGathers50Aug 12, 2021

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

805.75 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Magellan 354AP
API numberWell no.Acreson the permit
42-383-409754H805.75

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What Occidental Petroleum Corporation told investors it received

OXY USA WTP LP is linked to Occidental Petroleum Corporation (OXY).
Realized prices reported by Occidental Petroleum Corporation
QuarterOil$ per bblFiling
Q2 2026$96.78SEC filing
Q1 2026$69.91SEC filing
Q4 2025$58.99SEC filing
Q3 2025$64.78SEC filing
Q2 2025$63.76SEC filing
Q1 2025$71.07SEC filing

SourceOccidental Petroleum Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for MAGELLAN 354AP
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 202628230347100$80.46$2.89
Jun 20265485295,4605,1480$84.81$3.15
May 20262692728,7478,2320$102.13$2.94
Apr 20263022946,6816,6730$100.32$2.77
Mar 202625726111,31111,3110$91.38$3.04
Feb 202629329111,59111,5910$64.51$3.62
Jan 20262232228,0478,0470$60.04$7.72
Dec 20253173227,8157,8150$57.97$4.26
Nov 20254124236,0985,9910$60.06$3.79
Oct 20251,0151,0316,1586,1140$60.89$3.19
Sep 20251,1741,2065,7995,7170$63.96$2.97
Aug 20251,1561,1235,4955,1520$64.86$2.91
Jul 20251,3721,3785,1544,7020$68.39$3.20
Jun 20251,4001,3925,4165,1161$68.17$3.02
May 20251,3501,3415,4205,2420$62.17$3.12
Apr 20251,1251,1314,6944,6940$63.54$3.42
Mar 20251,4101,4164,5864,5860$68.24$4.12
Feb 20251,5311,5414,0324,0320$71.53$4.19
Jan 20252,1432,1397,0007,0000$75.74$4.13
Dec 20242,2802,2747,6857,6850$70.12$3.01
Nov 20241,5271,5167,6937,2800$69.95$2.12
Oct 20241,8751,88310,1279,4330$71.99$2.20
Sep 20241,9881,9938,8768,3140$70.24$2.28
Aug 20242,4512,4633,8183,5740$76.68$1.99
Jul 20242,1812,161000$81.80$2.07
Jun 20241,9331,94710,71510,0460$79.77$2.54
May 20242,3822,37310,1729,4663$80.02$2.12
Apr 20242,0772,0798,5338,1210$85.35$1.60
Mar 20242,2462,2429,1658,8120$81.28$1.49
Feb 20242,6812,6908,7768,5380$77.25$1.72
Jan 20242,8592,8447,8977,57415$74.15$3.18
Dec 20233,1333,2539,8119,2520$71.90$2.52
Nov 20232,8802,80010,5139,9030$77.69$2.71
Oct 20232,5772,5629,9609,1500$85.64$2.98
Sep 20232,6742,6809,6548,8020$89.43$2.64
Aug 20233,2123,19911,08010,1791$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorOXY USA WTP LPFieldSpraberry (Trend Area)CountyReagan County

OXY USA WTP LP in Reagan County

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Spraberry (Trend Area) field

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